The real estate sector faced significant losses due to dimming hopes of interest rate cuts, while broader markets witnessed declines in Nifty Midcap and Small Cap indices by 7.38% and 9.41%, respectively. Analysts suggest cautious trading with a focus on banking stocks for stability and emphasize the importance of managing risk in a volatile market.
Probal Sen flags muted quarter for Reliance as O2C weakness weighs
Reliance Industries anticipates a subdued earnings report this quarter. The oil-to-chemicals segment faces pressure, impacting overall numbers. While retail and telecom offer stability, energy business